{"id":481,"date":"2019-10-13T00:03:02","date_gmt":"2019-10-13T00:03:02","guid":{"rendered":"http:\/\/penlending.com\/?page_id=481"},"modified":"2023-04-18T19:34:51","modified_gmt":"2023-04-18T19:34:51","slug":"lending-terms","status":"publish","type":"page","link":"https:\/\/penlending.com\/index.php\/lending-terms\/","title":{"rendered":"LENDING TERMS"},"content":{"rendered":"

[et_pb_section fb_built=”1″ fullwidth=”on” admin_label=”Header Section” _builder_version=”4.16″ background_color=”rgba(0,0,0,0.75)” bottom_divider_style=”ramp” bottom_divider_color=”#ffffff” bottom_divider_flip=”horizontal” global_colors_info=”{}”][et_pb_fullwidth_header title=”GENERAL LENDING TERMS” text_orientation=”center” button_two_text=”Start Loan” button_two_url=”\/start-loan\/” background_overlay_color=”rgba(0,0,0,0.27)” content_max_width=”700px” _builder_version=”4.16″ title_font=”Oswald|||on|||||” title_font_size=”56px” title_letter_spacing=”3px” content_font=”Nunito||||||||” content_font_size=”31px” content_line_height=”1.4em” subhead_font=”Lora|700|||||||” subhead_font_size=”32px” subhead_line_height=”1.5em” background_color=”rgba(255,255,255,0)” background_image=”https:\/\/penlending.com\/wp-content\/uploads\/2019\/10\/terms3.jpg” parallax=”on” parallax_method=”on” custom_button_one=”on” button_one_text_size=”16px” button_one_text_color=”#ffffff” button_one_bg_color=”#d29f68″ button_one_border_width=”15px” button_one_border_color=”rgba(210,159,104,0)” button_one_border_radius=”100px” button_one_letter_spacing=”3px” button_one_font=”Oswald|||on|||||” button_one_use_icon=”off” custom_button_two=”on” button_two_text_size=”16px” button_two_text_color=”#ffffff” button_two_bg_color=”rgba(255,255,255,0.35)” button_two_border_width=”15px” button_two_border_color=”rgba(0,0,0,0)” button_two_border_radius=”100px” button_two_letter_spacing=”3px” button_two_font=”Oswald|||on|||||” button_two_use_icon=”off” custom_margin=”|||” custom_padding=”11vw||11vw||true|false” animation_style=”zoom” animation_duration=”2000ms” animation_intensity_zoom=”4%” subhead_font_size_tablet=”80px” subhead_font_size_phone=”50px” subhead_font_size_last_edited=”on|desktop” button_one_border_radius_hover=”100px” button_one_bg_color_hover=”#cc8d66″ button_two_bg_color_hover=”#d29f68″ global_colors_info=”{}” button_one_text_size__hover_enabled=”off” button_two_text_size__hover_enabled=”off” button_one_text_color__hover_enabled=”off” button_two_text_color__hover_enabled=”off” button_one_border_width__hover_enabled=”off” button_two_border_width__hover_enabled=”off” button_one_border_color__hover_enabled=”off” button_two_border_color__hover_enabled=”off” button_one_border_radius__hover_enabled=”on” button_one_border_radius__hover=”100px” button_two_border_radius__hover_enabled=”off” button_one_letter_spacing__hover_enabled=”off” button_two_letter_spacing__hover_enabled=”off” button_one_bg_color__hover_enabled=”on” button_one_bg_color__hover=”#cc8d66″ button_two_bg_color__hover_enabled=”on|hover” button_two_bg_color__hover=”rgba(124,218,36,0.78)” button_two_bg_enable_color__hover=”on”][\/et_pb_fullwidth_header][\/et_pb_section][et_pb_section fb_built=”1″ next_background_color=”#010c26″ _builder_version=”4.16″ background_color=”#ffffff” custom_padding=”30px|0px|60px|0px|false|false” bottom_divider_style=”ramp” global_colors_info=”{}”][et_pb_row _builder_version=”4.16″ global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text admin_label=”Content” _builder_version=”4.16″ text_font=”Nunito||||||||” text_font_size=”20px” text_line_height=”1.8em” header_font=”||||||||” header_2_font=”Oswald|||on|||||” header_2_text_align=”center” header_2_font_size=”40px” header_2_letter_spacing=”1px” header_2_line_height=”1.5em” header_3_font=”||||||||” text_orientation=”center” max_width_last_edited=”off|desktop” module_alignment=”center” custom_margin=”|||” border_color_all=”#ffffff” global_colors_info=”{}”]Loan Types<\/strong>
\nConstruction, fix and flip\/rehab, commercial, purchase loans, bridge loans<\/p>\n

Types of Properties<\/strong>
\nSingle family homes, apartments, residential developments, small commercial<\/p>\n

Loan Amounts<\/strong>
\n$100,000 to $1,000,000<\/p>\n

Loan-to-Value<\/strong>
\n70% LTV in most cases. Higher LTV, ARV-based and participation loan options available<\/p>\n

Lien Position<\/strong>
\n1st or 2nd<\/p>\n

Interest Rates<\/strong>
\n8.9% to 11.9% (can be lower for very low LTV loans)<\/p>\n

Origination Fees<\/strong>
\n2 to 4 pts, depending on loan size, LTV, maturity<\/p>\n

Doc\/Processing Fees<\/strong>
\n$1,495 – $2,495<\/p>\n

Loan Term<\/strong>
\n6 months to 1 year (beyond 1 year determined on case by case basis)<\/p>\n

Valuation Method<\/strong>
\nAppraisals are obtained on a case by case basis<\/p>\n

Borrower Types<\/strong>
\nIndividuals, Trusts, LLCs, Corporations<\/p>\n

Closing Timeframes<\/strong>
\n5 – 14 days<\/p>\n

Lending Area<\/strong>
\nCalifornia<\/p>\n

Other<\/strong>
\nEscrow fees if applicable[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ admin_label=”Footer Section” _builder_version=”4.16″ background_color=”#010c26″ use_background_color_gradient=”on” background_color_gradient_stops=”#010c26 25%|rgba(35,34,32,0.13) 100%” background_color_gradient_overlays_image=”on” background_color_gradient_start=”#010c26″ background_color_gradient_start_position=”25%” background_color_gradient_end=”rgba(35,34,32,0.13)” background_image=”https:\/\/penlending.com\/wp-content\/uploads\/2019\/10\/GL6.jpg” custom_padding=”50px|0px|60px|0px|false|false” global_module=”689″ saved_tabs=”all” global_colors_info=”{}”][et_pb_row _builder_version=”4.16″ custom_margin=”0px||||false|false” custom_padding=”0px||||false|false” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.16″ text_font=”||||||||” header_font=”Oswald|500|||||||” header_2_font=”Oswald||||||||” header_2_font_size=”50px” header_2_line_height=”1.5em” header_5_font=”Oswald|||on|||||” header_5_text_color=”rgba(255,255,255,0.4)” header_5_font_size=”20px” header_5_letter_spacing=”3px” header_5_line_height=”1.7em” text_orientation=”center” background_layout=”dark” max_width=”600px” module_alignment=”center” text_line_height_last_edited=”off|desktop” header_2_font_size_tablet=”” header_2_font_size_phone=”36px” header_2_font_size_last_edited=”on|desktop” global_colors_info=”{}”]<\/p>\n

Contact Us<\/h2>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_3,1_3,1_3″ _builder_version=”4.16″ custom_margin=”0px||||false|false” custom_padding=”0px||||false|false” global_colors_info=”{}”][et_pb_column type=”1_3″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_blurb title=”Call Us” use_icon=”on” font_icon=”||divi||400″ icon_color=”#ffffff” image_icon_background_color=”#d8d8d8″ image_icon_width=”40px” _builder_version=”4.16″ header_font=”Oswald|||on|||||” header_text_align=”center” header_letter_spacing=”3px” header_line_height=”1.7em” body_font=”Nunito||||||||” body_font_size=”18px” body_line_height=”2em” image_icon_custom_padding=”25px|25px|25px|25px|false|false” text_orientation=”center” background_layout=”dark” animation_style=”fade” animation=”off” border_radii_image=”on|100%|100%|100%|100%” icon_font_size=”40px” use_circle=”on” circle_color=”#d8d8d8″ global_colors_info=”{}” image_icon_background_color__sticky_enabled=”#000000″ image_icon_background_color__sticky=”#000000″]415.922.0200[\/et_pb_blurb][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_blurb title=”Office” use_icon=”on” font_icon=”||divi||400″ icon_color=”#ffffff” image_icon_background_color=”#d8d8d8″ image_icon_width=”40px” _builder_version=”4.20.4″ header_font=”Oswald|||on|||||” header_text_align=”center” header_letter_spacing=”3px” header_line_height=”1.7em” body_font=”Nunito||||||||” body_font_size=”18px” body_line_height=”2em” image_icon_custom_padding=”25px|25px|25px|25px|false|false” text_orientation=”center” background_layout=”dark” animation_style=”fade” animation=”off” border_radii_image=”on|100%|100%|100%|100%” icon_font_size=”40px” use_circle=”on” circle_color=”#d8d8d8″ global_colors_info=”{}” image_icon_background_color__sticky_enabled=”#000000″ image_icon_background_color__sticky=”#000000″]<\/p>\n

5051 Mission Street
San Francisco, CA 94112<\/p>\n

[\/et_pb_blurb][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_blurb title=”Email” use_icon=”on” font_icon=”||divi||400″ icon_color=”#ffffff” image_icon_background_color=”#d8d8d8″ image_icon_width=”40px” _builder_version=”4.16″ header_font=”Oswald|||on|||||” header_text_align=”center” header_letter_spacing=”3px” header_line_height=”1.7em” body_font=”Lora||||||||” body_font_size=”18px” body_line_height=”2em” image_icon_custom_padding=”25px|25px|25px|25px|false|false” text_orientation=”center” background_layout=”dark” animation_style=”fade” animation=”off” border_radii_image=”on|100%|100%|100%|100%” icon_font_size=”40px” use_circle=”on” circle_color=”#d8d8d8″ global_colors_info=”{}” image_icon_background_color__sticky_enabled=”#000000″ image_icon_background_color__sticky=”#000000″]<\/p>\n

admin@penlending.com<\/a><\/p>\n

[\/et_pb_blurb][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.16″ background_enable_color=”off” background_enable_image=”off” custom_padding=”0px|0px|0px|0px|true|false” animation_style=”zoom” animation_intensity_zoom=”5%” border_radii=”on|8px|8px|8px|8px” box_shadow_style=”preset3″ box_shadow_vertical=”110px” box_shadow_blur=”80px” box_shadow_spread=”-80px” box_shadow_color=”rgba(0,0,0,0.12)” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.16″ text_font=”Nunito||||||||” text_font_size=”20px” background_layout=”dark” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]Please complete the form below. Once we receive your information, we will contact you immediately. If you complete the forms after business hours or over the weekend, we will contact you the next business day.[\/et_pb_text][et_pb_contact_form captcha=”off” email=”admin@penlending.com” success_message=”Thank you!” submit_button_text=”Send Now” module_id=”et_pb_contact_form_0″ _builder_version=”4.16″ _unique_id=”a9235fc5-aaf8-4e77-855a-01f86451a8fb” form_field_background_color=”rgba(249,249,249,0.76)” form_field_focus_text_color=”#000000″ form_field_font=”||||||||” custom_button=”on” button_text_size=”14px” button_text_color=”#ffffff” button_bg_color=”#7cc242″ button_border_width=”8px” button_border_color=”rgba(0,0,0,0)” button_border_radius=”100px” button_letter_spacing=”2px” button_font=”Montserrat|||on|||||” border_radii=”on|5px|5px|5px|5px” border_width_all=”2px” border_color_all=”#ffffff” form_background_color=”rgba(0,0,0,0)” global_colors_info=”{}”][et_pb_contact_field field_id=”Name” field_title=”Name” _builder_version=”4.16″ global_colors_info=”{}” button_text_size__hover_enabled=”off” button_one_text_size__hover_enabled=”off” button_two_text_size__hover_enabled=”off” button_text_color__hover_enabled=”off” button_one_text_color__hover_enabled=”off” button_two_text_color__hover_enabled=”off” button_border_width__hover_enabled=”off” button_one_border_width__hover_enabled=”off” button_two_border_width__hover_enabled=”off” button_border_color__hover_enabled=”off” button_one_border_color__hover_enabled=”off” button_two_border_color__hover_enabled=”off” button_border_radius__hover_enabled=”off” button_one_border_radius__hover_enabled=”off” button_two_border_radius__hover_enabled=”off” button_letter_spacing__hover_enabled=”off” button_one_letter_spacing__hover_enabled=”off” button_two_letter_spacing__hover_enabled=”off” button_bg_color__hover_enabled=”off” button_one_bg_color__hover_enabled=”off” button_two_bg_color__hover_enabled=”off”][\/et_pb_contact_field][et_pb_contact_field field_id=”Email” field_title=”Email Address” field_type=”email” _builder_version=”4.16″ global_colors_info=”{}” button_text_size__hover_enabled=”off” button_one_text_size__hover_enabled=”off” button_two_text_size__hover_enabled=”off” button_text_color__hover_enabled=”off” button_one_text_color__hover_enabled=”off” button_two_text_color__hover_enabled=”off” button_border_width__hover_enabled=”off” button_one_border_width__hover_enabled=”off” button_two_border_width__hover_enabled=”off” button_border_color__hover_enabled=”off” button_one_border_color__hover_enabled=”off” button_two_border_color__hover_enabled=”off” button_border_radius__hover_enabled=”off” button_one_border_radius__hover_enabled=”off” button_two_border_radius__hover_enabled=”off” button_letter_spacing__hover_enabled=”off” button_one_letter_spacing__hover_enabled=”off” button_two_letter_spacing__hover_enabled=”off” button_bg_color__hover_enabled=”off” button_one_bg_color__hover_enabled=”off” button_two_bg_color__hover_enabled=”off”][\/et_pb_contact_field][et_pb_contact_field field_id=”Message” field_title=”Message” field_type=”text” fullwidth_field=”on” _builder_version=”4.16″ global_colors_info=”{}” button_text_size__hover_enabled=”off” button_one_text_size__hover_enabled=”off” button_two_text_size__hover_enabled=”off” button_text_color__hover_enabled=”off” button_one_text_color__hover_enabled=”off” button_two_text_color__hover_enabled=”off” button_border_width__hover_enabled=”off” button_one_border_width__hover_enabled=”off” button_two_border_width__hover_enabled=”off” button_border_color__hover_enabled=”off” button_one_border_color__hover_enabled=”off” button_two_border_color__hover_enabled=”off” button_border_radius__hover_enabled=”off” button_one_border_radius__hover_enabled=”off” button_two_border_radius__hover_enabled=”off” button_letter_spacing__hover_enabled=”off” button_one_letter_spacing__hover_enabled=”off” button_two_letter_spacing__hover_enabled=”off” button_bg_color__hover_enabled=”off” button_one_bg_color__hover_enabled=”off” button_two_bg_color__hover_enabled=”off”][\/et_pb_contact_field][\/et_pb_contact_form][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"

Loan Types Construction, fix and flip\/rehab, commercial, purchase loans, bridge loans Types of Properties Single family homes, apartments, residential developments, small commercial Loan Amounts $100,000 to $1,000,000 Loan-to-Value 70% LTV in most cases. Higher LTV, ARV-based and participation loan options available Lien Position 1st or 2nd Interest Rates 8.9% to 11.9% (can be lower for […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":""},"_links":{"self":[{"href":"https:\/\/penlending.com\/index.php\/wp-json\/wp\/v2\/pages\/481"}],"collection":[{"href":"https:\/\/penlending.com\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/penlending.com\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/penlending.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/penlending.com\/index.php\/wp-json\/wp\/v2\/comments?post=481"}],"version-history":[{"count":25,"href":"https:\/\/penlending.com\/index.php\/wp-json\/wp\/v2\/pages\/481\/revisions"}],"predecessor-version":[{"id":694,"href":"https:\/\/penlending.com\/index.php\/wp-json\/wp\/v2\/pages\/481\/revisions\/694"}],"wp:attachment":[{"href":"https:\/\/penlending.com\/index.php\/wp-json\/wp\/v2\/media?parent=481"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}